Which of the following is included in the internal control procedure-documents?
A) Mandatory vacations will improve internal control.
B) Separate the custody of assets from accounting.
C) The invoices and orders must be pre-numbered.
D) A company should purchase a fireproof vault to protect legal documents.

Question

Quizplus · Accepted Answer

Pre-numbering invoices and orders is a common practice in internal control procedures to ensure that no invoices or orders are missing or duplicated. Mandatory vacations, separate custody of assets, and purchasing a fireproof vault are all examples of internal control procedures, but they are not included in the specific document mentioned in the question.

Which of the Following Is Included in the Internal Control